- Valor’s first product listed on the LSE: Valor Digital Securities Limited marks a milestone with the launch of its first asset-backed fund Ethereum Physical staking exchange-traded product (ETP), also known as an exchange-traded note (ETN) on the London Stock Exchange, providing professional investors with direct access to Ethereum and wager rewards.
- Secure, unleveraged exposure to Ethereum with staking yield potential: The ETP provides physically guaranteed and unleveraged exposure to Ethereumwith the underlying assets held in cold storage by regulated custodians, ensuring a secure investment for institutional investors.
- Pioneer in the integration of traditional finance and Challenge: This launch highlights Valor’s role in bridging the gap between traditional finance and digital assets, enabling professional investors to participate in the growth Challenge space through regulated financial products.
TORONTO, September 30, 2024 /PRNewswire/ – Challenge Technologies Inc. (the “Business” Or “Challenge Technologies“) (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF), a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (“Challenge“), is delighted to announce the introduction of its subsidiary, Valor Inc., and Valor Digital Securities Limited (together, “Valour”), a major issuer of exchange-traded products (“FTE“), of its revolutionary asset-backed program Ethereum exchange-traded products, also known as Exchange Traded Notes.ETNs“) on the London Stock Exchange (the “LSE“).
The value Ethereum The Physical Staking ETP (ticker: 1VET, ISIN: GB00BRBMZ190) is a passive, fully-backed, unleveraged investment product offering direct exposure to Ethereum (“ETH“) as underlying crypto active. The ETP is secured by the cryptocurrency stored in cold storage by regulated organizations crypto guards.
“We are delighted to present our innovative and physically supported solution Ethereum Establishment of ETP on the London Stock Exchange, marking an important milestone for Valor and the UK market. This product offers professional investors secure and regulated access to Ethereum and offers the unique benefit of staking rewards, thereby maximizing potential returns. OUR Ethereum Staking ETP showcases Valor’s commitment to cutting-edge financial products that bridge traditional finance with the world of digital assets, enabling institutional and professional investors to United Kingdom to gain exposure through their traditional investment accounts,” said Olivier Roussy-NewtonCEO of Challenge Technology.
Elaine Buehlerproduct manager at Valour, further notes: “This product represents a crucial step in connecting traditional finance to digital assets. By offering the benefits of staking through an exchange-traded product, we simplify access to Ethereum for institutional investors, allowing them to participate in growth decentralized finance space without technical obstacles.
The Valor prospectus has received approval from the Financial Conduct Authority (“FCA”) and the London Stock Exchange (“LSE”). Earlier this year, the FCA announced that it would not oppose applications from financial institutions to list ETPs aimed at professional investors. The LSE has announced that it will begin accepting applications for Bitcoin (“BTC”) And ETH products in the second quarter of 2024. However, the FCA has stipulated that these LondonETPs based on ETPs are reserved for professional investors only.
The launch follows LSE guidelines allowing admission of certain crypto ETPs that meet specific criteria, including being physically supported, having reliable pricing sources, and being regulated depositories in approved jurisdictions.
Value Ethereum Features of physical staking:
- Listed on the LSE, offering the unique advantage of rewarding staking.
- Physically supported and unleveraged exposure to ETH.
- The underlying crypto assets are kept in cold storage by regulated custodians.
- Trading is reserved for professional and institutional investors only.
- Competitive management fees.
With a fixed yield, no set expiration and a 1.49% management fee, investors can earn passive returns while avoiding the technical complexities of staking. By investing in Valor Ethereum Physical Staking ETPs, Investors Also Actively Contribute to Evolution Challenge landscape. Enhanced security features, such as insurance reduction and full guarantee, provide investors with additional transparency and protection.
Cryptocurrency Staking is a fundamental part of blockchain dynamics, allowing participants to engage in the governance and consensus of Proof of Stake (PoS) blockchains while earning rewards for their contributions. Unlike proof-of-work systems, PoS networks rely on validators pledging assets to validate and create new blocks.
Partnership with institutional entities like Copper Markets (Swiss) AG for custody and Blockdaemon, industry stalwart for staking services, Valor offers a non-custodial, consistently collateralized staking environment.
This approval in the United Kingdom comes after the American green light Bitcoin exchange-traded funds, a development that builds on several years of similar products traded in various European countries. The products are available for trading on the dedicated “Professional Investors Only” segments of the LSE from today. Although access for retail investors remains restricted, the listing represents a significant development for institutional investors. crypto adoption in the United Kingdom.
About Challenge Technologies
Challenge Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF) is a financial technology company pioneering the convergence of traditional capital markets with the world of decentralized finance (Challenge). With a focus on cutting-edge Web3 technologies, Challenge The technologies aim to provide investors with widespread access to the future of finance. Supported by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Follow Challenge Technologies on Linkedin and Twitterand for more details visit https://challenge.technology/
About Valor
Valor Inc. and Valor Digital Securities Limited (together, “Value“) issues exchange-traded products (“FTE”) which allow individual and institutional investors to access digital assets simply and securely via their traditional bank account. Valor is part of the asset management business of Challenge Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF).
In addition to their new digital asset platform backed by physical media, which includes 1Valour Bitcoin Carbon neutral physical ETP, 1Valor Ethereum Physical Staking and 1Valor Internet Computer Physical Staking, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (UNI), Cardano (ADA), Peas (POINT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK) Enjin (ENJ), Valor Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Valor Digital Asset Basket 10 (VDAB10) and 1Valor STOXX Bitcoin Swiss Digital Asset Blue Chip ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first passive investment product fully covered with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings. For more information about Valor, to subscribe or to receive updates, visit valour.com
Caution regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the listing of Valolur Ethereum Physical staking ETPs on the LSE; the regulatory environment as it relates to the growth and adoption of decentralized finance and digital assets; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, acceptance of Valor exchange-traded products by exchanges; the growth and development of the decentralized finance and digital assets sector; rules and regulations regarding decentralized finance and digital assets; general uncertainties related to business, economics, competition, politics and society. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be materially different from those contained in forward-looking information. those anticipated, estimated or planned. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update any forward-looking information except in accordance with applicable securities laws.
THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS VERSION
SOURCE DeFi Technologies Inc.
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